Rs 700 crore development drilling tender: RFQs to be out in September

May 18: 8Project Name: Development Drilling8Project Cost: Rs 700 crore.8Project Description: RFQs for development drilling of 25 oil and gas wells in South India will be out soon. The wells are expected to be drilled up to a depth of 4000 meters. A rig tender will be out. The block has tremendous gas potential but requires integrated planning so as to harness its full potential. The equipment required will be Casing pipes, Drilling pipes, Blow out preventer, Cementing services, Drilling fluid services and other oilfield chemicals.8Project Event: A drilling rig tender is expected by September 2018.RFQs for the equipment and oilfield chemicals is expected by September instead of June 2018.8Expenditure Approval: Q1/2018.8RFQ Date: Sep/2018.8Release Date: Q4/20188Completion Date: Q4/2022Click here for more details for key contacts and other project parameters